Real Estate ContractsMeasure of DamagesCourts measure damages for breach of a real estate contract based on the difference between the contract price and the fair market value of the property at theIngber, MatthewSocial Science Electronic Publishing...
IndustryReal estate investment trusts CompanyApple REIT Eight, Inc. SEC Filing ID0001193125-08-107866 SEC Filing Type10-q SEC Exhibit IDex-10 Exclude Amendmentsnot_amendment Languageen Sourcewww.sec.gov Top Level CategorySales Contracts Typecontract Common Contracts 2 similar ⓘ Table of Contents PU...
II. Legal Implications of Seller Incapacitation (1)Breach of Contract? So this sudden event of incapacitation get the property deal hung in the air now. We need to analyze the bearing or impact of the incapacitation on the contract. Will this terminate the deal? Or nullify the contract?
In addition, Seller shall be obligated to pay off any outstanding real estate taxes that were due and payable prior to the Closing (but subject to adjustment in accordance with Section 10.4 below). SELLER’S RESPONSIBILITIES (a) Seller shall act in performance of this Agreement as an ...
A breach, in general, refers to breaking a promise that has been earlier made. In the case of a contract, a party is said to be in breach, if it fails to perform its part on the due date as required by the terms of the contract. A breach co...
If you sign the buyer's counteroffer, there's no turning back, and your real estate agent should advise you of this. If you change your mind after you sign, the buyer can sue you for breach of contract if you try to back out of the deal. This works both ways, however. When the...
Contract of Purchase and Sale:Contract of purchase and sale is a legal agreement between the buyer and seller. It is valid when both the parties have agreed to the product to be exchanged and the amount of money to be exchanged. It should include all...
500,000 yuan and Seller was to deliver all the goods to the place of Buyer; the remaining price of RMB 1·5 million yuan should be paid within five days upon the delivery of goods; any breach of contract should be subject to the liquidated damages equivalent to 20% of the total price...
Any personal property to be conveyed pursuant to this Contract is subject to depletions, replacements and additions in the ordinary course of Seller’s business, subject to the terms and provisions of this Contract. “Purchase Price” shall have the meaning set forth in Section 2.3. “Real ...
(ii) any land lying in the bed of any alley, highway, street, road or avenue, open or proposed, in front of or abutting or adjoining the Land, (iii) any strips or gores of real estate adjacent to the Land, and (iv) the use of all alleys, easements and rights-of-way, if ...